Certains sections of capital think there is a difference

[Joel Wendland <joelrw@xxxxxxxxxxx>]

Corporations Bankroll Bush
LRA: http://www.laborresearch.org/story2.php/353

U.S. corporate executives are the primary force behind the funding of
President Bush's $180 million 2004 election campaign war chest.  By early
April, Bush had raised so much money that he suspended all further
fund-raising.  He now has the largest campaign fund of any candidate in U.S.
history - almost double the amount he raised for the 2000 election.

Bush ran his 2000 campaign with money still linked to his Texas origins, but
now relies heavily on the national finance and investment community for his
campaign funding.  By March of this year, Merrill Lynch and
PricewaterhouseCoopers had contributed nearly half a million dollars each to
the Bush campaign, according to the Center for Responsive Politics.

UBS Americas, MBNA Corp., Goldman Sachs, Lehman Brothers and Credit Suisse
First Boston all gave Bush more than quarter of a million dollars each.

Merrill Lynch's 2004 contribution is double the largest corporate
contribution to Bush's 2000 campaign - $241,000 from MBNA.  The
finance/insurance/real estate sector has become by far the most deeply
invested in Bush's re-election, with well over $22 million in campaign
contributions and many of the sector's CEOs acting as top Bush fundraisers.

Stan O'Neal, CEO of Merrill Lynch, is one of Bush's biggest contributors and
fund-raisers.  Merrill Lynch and other finance industry contributors
publicly support Bush's proposals for privatizing Social Security with
individual investment programs.  They have also benefited from his capital
gains and dividends tax cuts.

Democratic candidate John Kerry has raised only $80 million, and will not be
able to match the television commercial blitz that the Bush campaign has
already launched.

Corporate contributions to Kerry are insignificant in comparison to Bush's
take.  Most of Kerry's major corporate contributors have given equal or
greater amounts of money to the Bush campaign to hedge their bets.

Read the rest at: http://www.laborresearch.org/story2.php/353

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